Myriad Group AG announced that David Arnott will not stand for re-election at the Annual General Meeting on 29 April 2013, due to his full-time commitments as CEO of Temenos. Myriad will propose Richard Francis (Managing Director of Francis Vienne Ltd) as a new non-executive member of the Board of Directors for election at the Annual General Meeting of Shareholders on 29 April 2013. Mr. Francis has been serving as Managing Director of Francis Vienne Ltd. since 2011.

He has experience in managing finance and operations for both public and privately-held technology companies.